• Notification Regarding the Listing of Eleven New Petroleum Futures Contracts on CME ClearPort® and the NYMEX Trading Floor

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-4998
      • Notice Date
      • 11 September 2009
      • Effective Date
      • 11 September 2009

    • Please be advised that the New York Mercantile Exchange Inc. (“NYMEX”) will list eleven (11) new financially settled petroleum futures contracts for trading on the NYMEX trading floor and for submission for clearing on CME ClearPort. The contracts are listed with NYMEX, and are subject to, the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc. 

      The contracts will be listed on the NYMEX trading floor beginning at 9:00 a.m. on Monday, September 21, 2009. The contracts will also be listed on CME ClearPort Clearing beginning at 6:00 p.m. on Sunday, September 20, 2009 for trade date Monday, September 21, 2009.

      The new petroleum contracts, commodity codes and rule chapters are as follows:


      Contracts


      Code

      Rule Chapter

      Singapore Mogas 95 Unleaded (Platts) Swap Futures

      V0

      653

      Singapore Mogas 95 Unleaded (Platts) BALMO Swap Futures

      W0

      654

      Singapore Mogas 97 Unleaded (Platts) Swap Futures

      X0

      655

      Singapore Mogas 97 Unleaded (Platts) BALMO Swap Futures

      Y0

      656

      Singapore Jet Kero vs. Gasoil Spread (Platts) BALMO Swap Futures

      Z0

      657

      Diesel 10ppm NWE Le Havre (Platts) CIF NWE Swap Futures

      S1

      361

      Diesel 10ppm NWE Le Havre (Platts) CIF NWE vs. ICE Gasoil Swap Futures

      S3

      362

      Diesel 10ppm NWE Le Havre (Platts) CIF NWE vs. ICE Gasoil BALMO Swap Futures

      S5

      363

      Diesel 10ppm UK (Platts) CIF NWE Swap Futures

      S6

      371

      Diesel 10ppm UK (Platts) CIF NWE vs. ICE Gasoil Swap Futures

      S8

      372

      Diesel 10ppm UK(Platts) CIF NWE vs. ICE Gasoil BALMO Swap Futures

      T1

      373

      These new petroleum contracts will be available during normal trading hours on NYMEX trading floor from 9:00 a.m. until 2:30 p.m. (New York prevailing time).  Clearing is conducted from 6:00 p.m. Sunday until 5:15 p.m. Friday (New York prevailing time).  There is a 45-minute halt each day between 5:15 p.m. (current trade date) and 6:00 p.m. (next trade date).

      The first listed month for these contracts will be the October 2009 contract month.  Except for the BALMO contracts, these contracts will be listed for thirty-six consecutive months.  The BALMO contracts (W0, Y0, Z0, S5 and T1) will be listed for one month and the following month for 10 business days prior to the start of the contract month. The contracts will be financially settled.


      The fee schedule for the 11 new petroleum contracts is as follows:

       

      FEE SCHEDULE

       

      The fees for the Singapore Mogas 95 Unleaded (Platts) Swap Futures, Singapore Mogas 97 Unleaded (Platts) Swap Futures (codes V0 and X0) are:

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

      The fees for the Singapore Mogas 95 Unleaded (Platts) BALMO Swap Futures, Singapore Mogas 97 Unleaded (Platts) BALMO Swap Futures, Singapore Jet Kero vs. Gasoil Spread (Platts) BALMO Swap Futures (codes W0, Y0 and Z0) are:

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $2.20

      Member

      $2.20

      Member

      $2.20

      Non-Member

      $2.70

      Non-Member

      $2.70

      Non-Member

      $2.70

                 

      The fees for the Diesel 10ppm NWE Le Havre (Platts) CIF NWE Swap Futures and Diesel 10ppm UK (Platts) CIF NWE Swap Futures (codes S1 and S6) are:

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $6.00

      Member

      $6.00

      Member

      $6.00

      Non-Member

      $9.00

      Non-Member

      $9.00

      Non-Member

      $9.00

                 

      The fees for the Diesel 10ppm NWE Le Havre (Platts) CIF NWE vs. ICE Gasoil Swap Futures and Diesel 10ppm UK (Platts) CIF NWE vs. ICE Gasoil Swap Futures (codes S3 and S8) are:

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $12.00

      Member

      $12.00

      Member

      $12.00

      Non-Member

      $18.00

      Non-Member

      $18.00

      Non-Member

      $18.00

                 

      The fees for the Diesel 10ppm NWE Le Havre (Platts) CIF NWE vs. ICE Gasoil BALMO Swap Futures and Diesel 10ppm UK (Platts) CIF NWE vs. ICE Gasoil BALMO Swap Futures (codes S5 and T1) are:

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $15.00

      Member

      $15.00

      Member

      $15.00

      Non-Member

      $20.00

      Non-Member

      $20.00

      Non-Member

      $20.00

       

      Should you have any questions, please contact Daniel Brusstar at (212) 299-2604.

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